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Day three at NRF: Unpacking retail’s global future

Inside Retail

With a rapidly aging population in countries like China and Japan and many younger consumers following a different life plan, from delaying having children or choosing to remain child-free to living with their parents until a later stage in life, retailers must learn to adapt to these different expectations.

Fashion 264
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Online in-flight shopping market tipped to surge

Inside Retail

The report attributed the growth to the increase in middle-class population in countries such as China, India, Brazil, Japan, Australia and Thailand. The global online in-flight shopping market is forecast to reach US$825.3 million by 2030 – up from US$232.3 million in 2020 and representing a CAGR of 12.8

Shopping 130
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How changing consumer tastes are driving China’s competitive coffee market

Inside Retail

US-based Starbucks opened 700 stores in China in the last year and said it is on track to operate around 9,000 stores in the country by 2025, while Canada’s Tim Hortons plans to have 3,000 stores in the country in four years. China imports coffee mostly from Africa and South America.

Consumer 130
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One in four SMEs across nine countries plan to offer crypto payments

Inside Retail

Almost a quarter of small businesses in nine countries around the world plan to accept digital currencies as a form of payment in 2022, while 13 per cent of consumers in those countries expect retail stores to begin offering crypto payments this year and beyond, according to a survey by Visa Inc.

Planning 130
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Federal government of Brazil enacts Kigali Amendment to Montreal Protocol, extending restrictions to HFCs

Eye on ESG

11,666/2023, the Kigali Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer was enacted in Brazil (the “ Amendment “). Pursuant to the Amendment, Brazil is now committed to not increasing its HFC use by 2024–considering a baseline calculated between 2020 and 2022–and incrementally reducing it by 80% by 2045.

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Global Arabica coffee supplies are at serious risk – here’s why

Inside Retail

Even if currently declared commitments to reduce emissions are met, our new research suggests coffee production will still rapidly decline in countries accounting for 75 per cent of the world’s Arabica coffee supply. Coffee may be a major casualty of a hotter planet. If we manage to keep global warming below 2? Where our coffee comes from.

Other 130
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Supply headaches force retailers to move manufacturing out of Asia

Inside Retail

Major clothing and shoe companies are moving production to countries closer to their US and European stores, smarting from a resurgence in cases of the Delta variant of the coronavirus in Vietnam and China that slowed or shut down production for several weeks earlier this year.

Apparel 246